Infineon wave 3 to 62€ Gann-MethodeINFINEON TECH.AG NA O.N.XETR_DLY:IFXFranzFinance_Br🧠 Infineon (IFX.DE) - Massive Wave 3 in Progress 🚀 | Long-Term Elliott Wave Setup Ticker: IFX Exchange: XETRA 🇩🇪 Chart: Weekly (W1) Technical Framework: Elliott Wave + Fibonacci + MA + RSI + MACD 🧩 Context: Infineon has completed a massive corrective wave II (labelled in red) and is now in the early stages of a multi-year impulsive wave III. The price recently rejected at the 0.236 retracement (~35€) and is currently back-testing key moving averages. This zone could represent a wave (2) low of the internal (1)-(2)-(3)-(4)-(5) structure of orange wave ③. 🔎 Structure Breakdown: ✅ Wave (II) (in red) ended as a WXY-Flat-Correction, possibly in 2020 ✅ Wave 1 and 2 of wave (III) are complete ✅ Current projection: we are in blue wave (3) of orange wave ③ 📈 Fibonacci extensions suggest: 1.618x of wave (1) = ~53.83 € 2.0x = ~63.77 € 2.618x = ~77.11 € – ultimate long-term target for wave ③ 🟦 Major resistance: 35–36 €, now acting as support 🟢 Key Moving Averages: MA (32.7), MA (32.3), MA (31.96) are clustered — strong support zone 📊 Indicators: MACD: Turning bullish, histogram just crossed above 0 RSI: Neutral (51), still lots of upside potential Volume: Recent spike suggests accumulation during pullback 🔔 Key Levels: LevelDescription 32.7 €Strong support (Fib 0.382 + MA) 39 €Fib 0.5 retracement 46.78 €2.618x extension of orange wave ① 53.83 €Target: 1.618x of current wave (1) 63.77 €Major resistance / Wave (3) top? 77.11 €2.618x extension of wave ③ 🧠 Thesis: If the recent low was wave (2), Infineon could be entering a parabolic wave (3) move with +50–100% upside potential over the next 12–18 months. The setup is supported by Elliott Wave structure, MA support, and volume confirmation. ⚠️ Risks: Breakdown below ~30 € (0.5 Fib) would challenge this count Macro events (e.g., chip cycle, geopolitics) may affect the timing ✅ Strategy: I’m watching for confirmation of the local low around 32 €, and then adding during retracements. Targets are scaled into at 46 €, 54 €, and 63 €. Final wave (5) of ③ may push up to 77 €.